The government had set up a ministerial panel, the Group of Ministers (GoM), to examine GST rate rationalisation.

Simplified classification and GST rate structure for automobiles and auto components, reduction of GST on hybrid vehicles, ...

Currently, GST is a four-tier tax structure with slabs at 5, 12, 18 and 28 per cent. Luxury and demerit goods are taxed at ...

The GoM is examining all issues comprehensively and will submit a report. They will have to arrive at some consensus,' Sanjay ...

The GST Council, led by Finance Minister Nirmala Sitharaman, plans to simplify and lower tax rates as the review nears ...

The GoM had also suggested lowering the GST rate on all individual health insurance policies to 5%, without the option of ITC ...

GST, an indirect tax on the supply of goods and services in India, is currently applied at 18% on health and life insurance ...

The Goods and Services Tax follows a four-tier structure with rates of 5%, 12%, 18%, and 28%. Essential items and packaged ...

The gems and jewellery industry on Thursday urged the government to rationalise the Goods and Services Tax on bullion and ...

Gems and jewelry industry appeals to the government to reduce GST on bullion and ornaments to 1.25% to boost sales and create ...

Finance Minister Nirmala Sitharaman announces the GST Council will soon decide on reducing GST rates and slabs, aiming for ...